Occupation: Journalist Birth: November 28, 1894 Death: July 8, 1993
Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. B….
The surest way for a poor nation to stay poor is to harass, hobble, and straitjacket private enterprise or to discourage or destroy it by subsidized ….
The proposal is frequently made that the government ought to assume the risks that are "too great for private industry." This means that bureaucrats ….
Modern capitalism benefited the masses in a double way - both by greatly increasing the wages of the masses of workers and greatly reducing the real ….
When each of us is free to work out his own economic destiny, within the framework of the market economy, the institution of private property, and th….
Libertarians are learning to their sorrow that big businessmen cannot necessarily be relied upon to be their allies in the battle against extension o….
..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In th….
Precisely because the State has the monopoly of coercion it can be allowed the monopoly only of coercion. Only if the modern State can be held withi….
The system of capitalism, of the market economy, is a system of freedom, of justice, of productivity. But these three virtues cannot be separated. ….
Government can't give us anything without depriving us of something else..
The sad fact is that today most of the heads of big businesses in America have become so confused or intimidated that, so far from carrying the free ….
For every alleged benefit that the politicians confer upon us, they must necessarily deprive us of something else..
There is no more certain way to deter employment than to harass and penalize employers..
Government planning always involves compulsion..
The most obvious and yet the oldest and most stubborn error on which the appeal of inflation rests is that of confusing ‘money’ with ‘wealth’…Real we….
The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real q….
The capitalist system has lifted mankind out of mass poverty. It is this system that in the last century, in the last generation, even in the last d….
Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflatio….
In order that one industry might grow or come into existence, a hundred other industries would have to shrink..
Government provided free tuition tends more and more to produce a uniform conformist education, with college faculties ultimately dependent for their….
The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement to production, employment, saving, ….